publication . Other literature type . Article . 2009 . Embargo end date: 01 Jan 2009

Governments' interventions into the real economy under WTO law revisited: new tendencies of governmental support of the automobile industry

Weber, Rolf H; Grosz, Mirina;
Open Access
  • Published: 01 Jan 2009
  • Publisher: Kluwer Law International
  • Country: Switzerland
Abstract
The automobile industry has received unprecedented governmental support during the ongoing economic crisis. Rescue packages have been provided to sustain the significant market branch and asserted key driver of growth, export, innovation, and jobs particularly in the EU and the United States and to avoid further downward spirals, which risk affecting the national economies on a wider scale. Since such tendencies can have trade distorting effects, however, the question arises whether the increased governmental interventions are compatible with the World Trade Organization (WTO) legal framework, which arguably enshrines free trade theory in international law. By a...
Subjects
free text keywords: Business Law, 340 Law
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